TUG MEMBERS: Joining TUG does not automatically register you as a user of the TUG Bulletin Board. You must register yourself.


*ads are disabled when logged in as a member*
  1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
  2. The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 25 years!

    Join tens of thousands of other owners just like you here to get any and all Timeshare questions answered!
    Dismiss Notice
  3. TUG has now saved timeshare owners more than $12,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $12Million dollars
    Dismiss Notice
  4. Sign up to get the TUG Newsletter for free! Join tens of thousands of other owners who get this every week! Latest resort reviews and the most important topics discussed by owners during the week!
    Dismiss Notice
  5. TUG is trying out a new program that will trade you a TUG membership for a Timeshare resort review if you are an expired member, or even just a guest here on the forums!

    Read more here
    Dismiss Notice
  6. Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    Read more Here
    Dismiss Notice
  7. Follow the TUG Member Banner as it travels the world on vacation with Timeshare owners! Also sign up to get the banner sent to you so you can submit a photo of your vacation with the banner to share with TUG! Banner Thread
    Dismiss Notice
  8. TUG has now joined Priceline.com as an affiliate!

    Members and guests who book air travel, rental cars and even Cruise Vacations thru TUG's priceline links will now support TUG in the process!

    Read more here
  9. A few of the most common links here on the forums for newbies and guests!
    Dismiss Notice

Inverness by the Sea - RIP

Discussion in 'US - Central States Timesharing' started by DrQ, Aug 24, 2019.

  1. DrQ

    DrQ TUG Member

    Joined:
    Jun 13, 2005
    Messages:
    1,152
    Likes Received:
    722
    Trophy Points:
    323
    Location:
    DFW
    Resorts Owned:
    HICV, Westgate (second cousin, twice removed)
    We just sent in the Warranty Deed documents ... :bawl:

    That was our favorite.
     
  2. Kozman

    Kozman TUG Member

    Joined:
    Jun 7, 2005
    Messages:
    1,351
    Likes Received:
    63
    Trophy Points:
    258
    Location:
    Farmington Hills, Michigan
    So? What is the story on it?
     
  3. bogey21

    bogey21 TUG Member

    Joined:
    Jun 8, 2005
    Messages:
    6,953
    Likes Received:
    1,659
    Trophy Points:
    449
    Location:
    Fort Worth, Texas
    A favorite of mine also...

    George
     
  4. DrQ

    DrQ TUG Member

    Joined:
    Jun 13, 2005
    Messages:
    1,152
    Likes Received:
    722
    Trophy Points:
    323
    Location:
    DFW
    Resorts Owned:
    HICV, Westgate (second cousin, twice removed)
    The ugly story is here. Inverness By the Sea Galveston to Reopen

    The ownership dropped to 30% and the finances became unsustainable. They are short $1.3 million. They added a S.A. of $2K per week, or you could do a deedback. Since we own at HICV, we will vacation in Galveston at there for now.
     
    Last edited: Sep 9, 2019
  5. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

    Joined:
    May 20, 2006
    Messages:
    27,781
    Likes Received:
    2,624
    Trophy Points:
    699
    Location:
    NE Florida
    Resorts Owned:
    Marriott's Grande Vista
    Marriott's Harbour Lake
    SVV - Bella
    SVV - Key West
    I suspect someone is going to make a lot of money on those free weeks that people are turning in? With ownership that low, the only real option at this point is to sell the whole property.
     
  6. DrQ

    DrQ TUG Member

    Joined:
    Jun 13, 2005
    Messages:
    1,152
    Likes Received:
    722
    Trophy Points:
    323
    Location:
    DFW
    Resorts Owned:
    HICV, Westgate (second cousin, twice removed)
    Possibly, BUT, the investors are going to have to pony up at least $2 million to pay off the debt and make repairs. Then they are going to have to sell the units a full time apartments to make their money back.

    We had 2 weeks, and I could have paid the S.A. and try to force them to buy me out, but in the end, life is short. It's time to move on.
     
  7. bogey21

    bogey21 TUG Member

    Joined:
    Jun 8, 2005
    Messages:
    6,953
    Likes Received:
    1,659
    Trophy Points:
    449
    Location:
    Fort Worth, Texas
    Great location. Inverness will survive in some way, TS, condos, apartments. Who knows but Inverness will survive...

    George
     
    DrQ likes this.

Share This Page